Question 32 Contributions a taxpayer makes to a Roth 401(k) have a very specific attribute which makes them attractive to young taxpayers. It is? The contribution is unlimited Only the earnings are taxable when withdrawn afrer the age of 55 The contribution and earnings are tax free when withdrawn after the age of 59 1/2 The contribution is 100% tax deductible Which IRS Code Section defines persons subject to related-party loss limitations? 179 261 197 267 Question 29 (2.5 points) Saved You go to work for a company who matches a defined contribution 401(k) plan with 4% for every 4% you contribute. The plan is graded vesting at six years. How much of the matching money are you likely to receive if you leave at the end of your fifth year of employment? O 0% 40% 80% 100% Question 12 (2.5 points) Saved Your grandfather purchased a piece of commercial real estate along 1-30 in 1945, for $50,000. It was worth $7,000,000 when he passed away in late 2018, and bequeathed the property to you. You sell it in 2019, after owning it for 3 months, for $7,300,000. How much is your taxable gain, and what is the nature of the gain? $7,000,000, STCG $300.000; LTCG $6,950,000: LTCG $300,000; STCG